Bryce Point Capital LLC Takes $518,000 Position in Pool Co. (NASDAQ:POOL)

Bryce Point Capital LLC bought a new position in shares of Pool Co. (NASDAQ:POOL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 1,520 shares of the specialty retailer's stock, valued at approximately $518,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Second Line Capital LLC raised its holdings in shares of Pool by 4.8% in the third quarter. Second Line Capital LLC now owns 853 shares of the specialty retailer's stock valued at $322,000 after purchasing an additional 39 shares during the last quarter. Venturi Wealth Management LLC grew its stake in Pool by 4.0% in the 4th quarter. Venturi Wealth Management LLC now owns 1,122 shares of the specialty retailer's stock valued at $383,000 after buying an additional 43 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in Pool by 10.1% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 579 shares of the specialty retailer's stock worth $197,000 after purchasing an additional 53 shares during the last quarter. TD Private Client Wealth LLC boosted its position in shares of Pool by 0.8% in the third quarter. TD Private Client Wealth LLC now owns 7,250 shares of the specialty retailer's stock valued at $2,732,000 after acquiring an additional 54 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in Pool by 0.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 17,578 shares of the specialty retailer's stock valued at $5,993,000 after purchasing an additional 54 shares during the period. 98.99% of the stock is currently owned by institutional investors and hedge funds.

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Insider Activity

In other news, Director De La Mesa Manuel J. Perez sold 10,000 shares of the business's stock in a transaction that occurred on Monday, February 24th. The stock was sold at an average price of $346.00, for a total transaction of $3,460,000.00. Following the transaction, the director now directly owns 62,577 shares of the company's stock, valued at approximately $21,651,642. The trade was a 13.78 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Jennifer M. Neil sold 1,223 shares of the business's stock in a transaction dated Monday, March 31st. The shares were sold at an average price of $315.00, for a total transaction of $385,245.00. Following the transaction, the senior vice president now owns 9,667 shares in the company, valued at $3,045,105. This represents a 11.23 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.00% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. StockNews.com downgraded Pool from a "hold" rating to a "sell" rating in a research report on Friday, February 28th. Deutsche Bank Aktiengesellschaft assumed coverage on shares of Pool in a report on Tuesday, April 1st. They set a "hold" rating and a $344.00 target price on the stock. Finally, Wells Fargo & Company lowered their price objective on Pool from $370.00 to $360.00 and set an "equal weight" rating for the company in a research report on Tuesday, February 4th. Two analysts have rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Pool has an average rating of "Hold" and a consensus target price of $365.33.

Pool Stock Up 7.8 %

Shares of NASDAQ POOL traded up $22.60 during trading on Wednesday, hitting $313.56. 693,745 shares of the company traded hands, compared to its average volume of 378,328. The business's fifty day moving average is $331.99 and its 200 day moving average is $350.06. The firm has a market capitalization of $11.83 billion, a price-to-earnings ratio of 27.80, a P/E/G ratio of 2.03 and a beta of 1.13. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.77 and a current ratio of 2.05. Pool Co. has a fifty-two week low of $284.28 and a fifty-two week high of $395.60.

Pool (NASDAQ:POOL - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The specialty retailer reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.89 by $0.08. Pool had a return on equity of 31.11% and a net margin of 8.18%. The business had revenue of $987.48 million during the quarter, compared to the consensus estimate of $961.04 million. Equities research analysts predict that Pool Co. will post 11.32 earnings per share for the current fiscal year.

Pool Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 26th. Stockholders of record on Wednesday, March 12th were issued a $1.20 dividend. This represents a $4.80 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date of this dividend was Wednesday, March 12th. Pool's payout ratio is currently 42.55%.

Pool Profile

Pool Corporation distributes swimming pool supplies, equipment, and related leisure products in the United States and internationally. The company offers maintenance products, including chemicals, supplies, and pool accessories; repair and replacement parts for pool equipment, such as cleaners, filters, heaters, pumps, and lights; and building materials, such as concrete, plumbing and electrical components, functional and decorative pool surfaces, decking materials, tiles, hardscapes, and natural stones for pool installations and remodeling.